10-Q Filing

CREDITRISKMONITOR COM INC CIK: 315958 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001140361-11-053129`
Period End Date	20110930
Filing Date	20111114
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	crmz-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 56 Cash Flow Statement 52

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.68M	USD	Point-in-time
Preferred stock, Par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, Par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.64M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.99M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.16M	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$1.20M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$1.77M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net of allowance	`AccountsReceivableNetCurrent`	$1.41M	USD	Point-in-time
Accounts receivable, net of allowance	`AccountsReceivableNetCurrent`	$1.22M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$322.39K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$480.92K	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	7.90M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$8.73M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	7.91M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$9.48M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$364.36K	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	7.90M	shares	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	7.91M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$321.45K	USD	Point-in-time
Goodwill	`Goodwill`	$1.95M	USD	Point-in-time
Goodwill	`Goodwill`	$1.95M	USD	Point-in-time
Deferred taxes on income	`DeferredTaxAssetsNetNoncurrent`	-	USD	Point-in-time
Deferred taxes on income	`DeferredTaxAssetsNetNoncurrent`	$233.87K	USD	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsNoncurrent`	$23.23K	USD	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsNoncurrent`	$39.19K	USD	Point-in-time
Total assets	`Assets`	$11.31M	USD	Point-in-time
Total assets	`Assets`	$11.79M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$6.48M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$6.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$66.25K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$24.02K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.17M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$824.57K	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$12.10K	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.19M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.38M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.15K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.14K	USD	Point-in-time
Total liabilities	`Liabilities`	$7.38M	USD	Point-in-time
Total liabilities	`Liabilities`	$7.19M	USD	Point-in-time
Preferred stock, $.01 par value; authorized 5,000,000 shares; none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.01 par value; authorized 5,000,000 shares; none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.01 par value; authorized 25,000,000 shares; issued and outstanding 7,914,462 and 7,899,462 shares, respectively	`CommonStockValue`	$78.99K	USD	Point-in-time
Common stock, $.01 par value; authorized 25,000,000 shares; issued and outstanding 7,914,462 and 7,899,462 shares, respectively	`CommonStockValue`	$79.14K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$28.56M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$28.44M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-24.23M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-24.40M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.12M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.41M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$11.79M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$11.31M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Operating revenues	`SalesRevenueServicesNet`	$7.56M	USD	3 Qtrs
Operating revenues	`SalesRevenueServicesNet`	$2.39M	USD	1 Quarter
Operating revenues	`SalesRevenueServicesNet`	$2.58M	USD	1 Quarter
Operating revenues	`SalesRevenueServicesNet`	$6.91M	USD	3 Qtrs
Data and product costs	`CostOfServices`	$2.20M	USD	3 Qtrs
Data and product costs	`CostOfServices`	$716.23K	USD	1 Quarter
Data and product costs	`CostOfServices`	$580.18K	USD	1 Quarter
Data and product costs	`CostOfServices`	$1.75M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.84M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$4.50M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.22M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.57M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$42.75K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$125.48K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$94.60K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$35.34K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.84M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$5.69M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$2.33M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$6.82M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$249.05K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$550.72K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$735.64K	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$1.22M	USD	3 Qtrs
Other income, net	`NonoperatingIncomeExpense`	$54.16K	USD	3 Qtrs
Other income, net	`NonoperatingIncomeExpense`	$52.10K	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$87.02K	USD	3 Qtrs
Other income, net	`NonoperatingIncomeExpense`	$39.57K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.27M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$822.66K	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$301.14K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$590.29K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$254.71K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$513.61K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$72.26K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$236.87K	USD	1 Quarter
Net income	`NetIncomeLoss`	$756.31K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$567.95K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$353.42K	USD	1 Quarter
Net income	`NetIncomeLoss`	$228.88K	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.10	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.07	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.07	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.09	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	7.91M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	7.90M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	7.90M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	7.89M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.30M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.33M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.29M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.28M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$756.31K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$567.95K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$353.42K	USD	1 Quarter
Net income	`NetIncomeLoss`	$228.88K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$42.75K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$125.48K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$94.60K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$35.34K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$245.97K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$507.46K	USD	3 Qtrs
Deferred rent	`OtherNoncashIncomeExpense`	$-1.99K	USD	3 Qtrs
Deferred rent	`OtherNoncashIncomeExpense`	$-459.00	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$38.40K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$100.81K	USD	3 Qtrs
Unrealized gain on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$37.45K	USD	3 Qtrs
Unrealized gain on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$48.93K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-181.91K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-292.56K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-158.53K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-13.74K	USD	3 Qtrs
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$15.96K	USD	3 Qtrs
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$11.22K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$438.54K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$478.71K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$31.06K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$42.23K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-342.63K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-102.58K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.50M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.02M	USD	3 Qtrs
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$1.22M	USD	3 Qtrs
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$512.71K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$143.65K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$82.57K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.37M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-595.28K	USD	3 Qtrs
Dividends paid to shareholders	`PaymentsOfOrdinaryDividends`	$-394.98K	USD	3 Qtrs
Dividends paid to shareholders	`PaymentsOfOrdinaryDividends`	$-395.73K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$15.00K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$50.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-344.98K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-380.73K	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$310.80K	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$520.04K	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.68M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.64M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.99M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.16M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.68M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.64M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.99M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.16M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.